Retirement plan

SONEPAR USA 401 (K) PLAN

Name: SONEPAR MANAGEMENT US, INC - SONEPAR USA 401 (K) PLAN (2024) Form 5500
Creator: SONEPAR MANAGEMENT US, INC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SONEPAR USA 401 (K) PLAN, SONEPAR MANAGEMENT US, INC

SONEPAR MANAGEMENT US, INCEIN 23-2975775Plan #001PY 2024

4400 LEEDS AVE., SUITE 500 - CHARLESTON, SC 29405843-745-6869LinkedIn10001+ employeescomputer software

Prospect flagsFailed to transmit contributionsCorrective distributions

Top hat statement on fileNQDC

Filed December 28, 2006

This is a legacy paper filing. Plan administrator and contact details are recorded in the original filing, which has not been digitised into structured fields.

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Total assets (EOY)

$1213.4M

+17.0% from 2023

Total participants

13,478

+8.6% from 2023

Average account balance

$90,687

+3.7% from 2023

Annual return

20.17%

-8.64 pp from 2023

Benchmarks

See 43 peers

Peer group

Industry42 - Wholesale Trade

Plan typeDefined contribution

Participants>=10,000

Cohort43 peers

Snapshot2024

Free accounts unlock saves, downloads, and 3-year history.

Analytics

Total assets (EOY)

Plan-year ending balance

$1.21B

Not enough data

1 years with asset history on file

Average account balance

Total assets / participants with a balance (line 6g)

$91K

Not enough data

1 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

13,380

Not enough data

1 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

99.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$93.77M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$9K

Not enough data

1 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+20.17%

Not enough data

1 years with return on file

Admin fee / account holder

Total admin expenses / participants with a balance (line 6g)

$80

Not enough data

1 years with admin cost on file

Asset composition

Cash / stocks / bonds / mutual funds / real estate / loans over time

Not enough data

1 years with F_SCH_H allocation on file

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Service providers

Top 10 of 11 by compensation

Provider	Service type	Compensation
CHARLES SCHWAB & CO., INC.4 years Filed as: SCHWAB RETIREMENT PLAN SERVICES,INC Service code 15 · EIN 34-1479833	Recordkeeping	$586,862
CAPFINANCIAL PARTNERS LLC9 years Service code 28 · EIN 26-0058143	Investment Management	$197,916
MORNINGSTAR1 year Filed as: MORNINGSTAR INC Service code 28 · EIN 36-3297908	Investment Management	$105,681
FISHER INVESTMENTS6 years Service code 26 · EIN 20-2480800	Advisory (Participants)	$81,053
WARREN AVERETT, LLC6 years Service code 10 · EIN 45-4084437	Accounting	$61,534
BARLETT O'NEILL CONSULTING INC.8 years Filed as: BARTLETT ONEILL CONSULTING INC Service code 10 · EIN 20-0663007	Accounting	$10,235
ARK WEALTH MANAGEMENT LLC2 years Service code 26 · EIN 87-2932020	Advisory (Participants)	$8,102
MJP ASSOCIATES INC.2 years Filed as: MJP ASSOCIATES INC Service code 26 · EIN 06-1038339	Advisory (Participants)	$6,866
SONEPAR MANAGEMENT7 years Service code 28 · EIN 23-2975775	Investment Management	$6,729
CHARLES SCHWAB & CO., INC.10+ years Service code 33 · EIN 94-1737782	Securities brokerage; Direct payment ...	$2,898

Plan features & details

Pension benefit codes2E2F2G2J2K2R2S2T3H

Plan features

2E
Profit-sharing
Profit-sharing plan.
2F
ERISA section 404(c) plan
This plan or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1 (shifting investment responsibility to participants).
2G
Total participant-directed account plan
Participants have the opportunity to direct the investment of all of the assets allocated to their individual accounts regardless of whether 29 CFR 2550.404c-1 is intended to be met.
2J
Code section 401(k) feature
Cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan under which employees may elect to defer part of their compensation or receive these amounts in cash.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
2T
Default investment account
Total or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

2 tripped

ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$1.1M

$100 / participant

Recordkeeping$525K49.3%
Investment mgmt$458K43.0%
Legal$3K0.3%
Contract admin$18K1.7%
Other / not subdivided$62K5.8%

% of EOY assets

0.088%

all-in expense ratio

Categories reported

4 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: WARREN AVERETT
Auditor EIN: 454084437
Audit fees: $61,519
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$90,687

$96,807-6.3%

$165,071-45.1%

$106,553-14.9%

Participation rate

99.1%

79.1%+20.0pp

78.6%+20.5pp

69.8%+29.2pp

Annual return

20.17%

17.39%+2.8pp

70.17%-50.0pp

17.37%+2.8pp

Employer contribution / active EE

$2,163

$2,888-25.1%

$4,347-50.2%

$3,359-35.6%

Participant deferral / active EE

$6,663

$5,055+31.8%

$6,035+10.4%

$5,562+19.8%

Admin fee / account holder

$80

$66+21.1%

$12,695-99.4%

$800%

Provider

Service type

Compensation

CHARLES SCHWAB & CO., INC.4 years

Filed as: SCHWAB RETIREMENT PLAN SERVICES,INC

Service code 15 · EIN 34-1479833

Recordkeeping

$586,862

CAPFINANCIAL PARTNERS LLC9 years

Service code 28 · EIN 26-0058143

Investment Management

$197,916

MORNINGSTAR1 year

Filed as: MORNINGSTAR INC

Service code 28 · EIN 36-3297908

Investment Management

$105,681

FISHER INVESTMENTS6 years

Service code 26 · EIN 20-2480800

Advisory (Participants)

$81,053

WARREN AVERETT, LLC6 years

Service code 10 · EIN 45-4084437

Accounting

$61,534

BARLETT O'NEILL CONSULTING INC.8 years

Filed as: BARTLETT ONEILL CONSULTING INC

Service code 10 · EIN 20-0663007

Accounting

$10,235

ARK WEALTH MANAGEMENT LLC2 years

Service code 26 · EIN 87-2932020

Advisory (Participants)

$8,102

MJP ASSOCIATES INC.2 years

Filed as: MJP ASSOCIATES INC

Service code 26 · EIN 06-1038339

Advisory (Participants)

$6,866

SONEPAR MANAGEMENT7 years

Service code 28 · EIN 23-2975775

Investment Management

$6,729

CHARLES SCHWAB & CO., INC.10+ years

Service code 33 · EIN 94-1737782

Securities brokerage; Direct payment ...

$2,898

SONEPAR USA 401 (K) PLAN

Top hat statement on fileNQDC

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SONEPAR USA 401 (K) PLAN

Top hat statement on fileNQDC

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion